VANCOUVER, Oct. 19, 2012 /PRNewswire/ - Veris Gold Corp. (TSX: VG) (OTCBB:YNGFD) (Frankfurt Xetra Exchange:
NG6A) ("VG" or the "Company"), formerly Yukon-Nevada Gold Corp., is pleased to announce that it has
filed a preliminary short form base shelf prospectus (the "Shelf
Prospectus") with the securities commissions in Alberta, British
Columbia and Ontario.

The Shelf Prospectus, when made final, will enable the Company to make offerings of debt
securities, common shares, warrants to purchase common shares and
warrants to purchase debt securities, units consisting of common shares
and whole or partial warrants or subscription receipts that will
entitle the holder thereof to receive upon satisfaction of certain
release conditions and for no additional consideration, common shares
or warrants (all of the foregoing, collectively, the ''Securities'') or
any combination thereof up to an aggregate initial offering price of
CDN$60,000,000 during the 25-month period that the Shelf Prospectus,
including any amendments thereto, remains effective. Securities may be
offered separately or together, in amounts, at prices and on terms to
be determined based on market conditions at the time of sale and set
forth an accompanying shelf prospectus supplement (a "Prospectus Supplement").

A registration statement relating to the Securities has been filed with
the United States Securities and Exchange Commission, but has not yet
become effective. The Securities may not be sold nor may offers to buy
be accepted prior to the time the registration statement becomes
effective and a receipt for the final base shelf prospectus is obtained
from applicable Canadian securities regulatory authorities. This news
release shall not constitute an offer to sell or the solicitation of an
offer to buy, nor shall there be any sale of these Securities in any
jurisdiction in which such offer, solicitation or sale would be
unlawful prior to the registration or qualification.

A copy of the Shelf Prospectus and any Prospectus Supplement that may be
filed in the future may be obtained from Cameron Paterson, Vice
President of Finance, at cpaterson@verisgold.com or by directing a request to the Company at 900-688 West Hastings
Street Vancouver, BC V6B 1P1, Canada, telephone 604.688.9427, Attn:
Cameron Paterson.

Veris Gold Corp. is a growing mid-tier North American gold producer in
the business of developing and operating gold mines in geo-politically
stable jurisdictions. The Company's primary asset is the permitted and
operating Jerritt Canyon gold mine located 50 miles north of Elko,
Nevada, USA. The Company also holds a diverse portfolio of precious
metals properties in British Columbia and the Yukon Territory, Canada,
including the former producing Ketza River mine. The Company's focus
has been on the re-development of the Jerritt Canyon mining and milling
facility.

If you would like to receive press releases via email please contact nicole@verisgold.com and specify "Veris Gold Corp. releases" in the subject line.

The TSX has not reviewed and does not accept responsibility for the
adequacy or accuracy of this release.

WARNING: The Company relies upon litigation protection for
"forward-looking" statements.

This news release does not constitute an offer to sell or a solicitation
of an offer to buy any of the securities in the United States. The
securities have not been and will not be registered under the United
States Securities Act of 1933, as amended (the "U.S. Securities Act")
or any state securities laws and may not be offered or sold within the
United States or to U.S. Persons unless registered under the U.S.
Securities Act and applicable state securities laws or an exemption
from such registration is available.

Forward-Looking Statements

This press release contains "forward-looking statements" and "forward
looking information" within the meaning of applicable securities laws.
All statements, other than statements of historical fact, including
without limitation, statements relating to plans for or intentions with
respect to the offering of Securities and the Company's use of proceeds
from the sale of Securities are forward-looking statements. Generally,
these forward-looking statements can be identified by the use of
forward-looking terminology such as "plans", "expects" or "does not
expect", "is expected", "budget", "scheduled", "estimates",
"forecasts", "intends", "anticipates" or "does not anticipate", or
"believes", or variations of such words and phrases or state that
certain actions, events or results "may", "could", "would", "might" or
"will be taken", "occur" or "be achieved". By their nature,
forward-looking statements and information are based on assumptions and
involve known and unknown risks, uncertainties and other factors that
may cause our actual results, performance or achievements, or industry
results, to be materially different from future results, performance or
achievements expressed or implied by such forward-looking information.
Such risks, uncertainties and other factors include among other things
the following: the Company's ability to engage underwriters, dealers or
agents on terms and conditions deemed reasonable by the Company; the
need to satisfy regulatory and legal requirements with respect to any
offerings; gold price volatility; discrepancies between actual and
estimated production and mineral reserves and resources; the
speculative nature of gold exploration; mining operational and
development risk; and regulatory risks. See our Annual Information Form
for additional information on risks, uncertainties and other related
factors. Although the Company has attempted to identify important
factors that could cause actual results to differ materially from those
contained in forward-looking statements, there may be other factors
that cause results not to be as anticipated, estimated or intended.
There can be no assurance that such statements will prove to be
accurate, as actual results and future events could differ materially
from those anticipated in such statements. Accordingly, readers should
not place undue reliance on forward-looking statements. The Company
does not undertake to update any forward-looking statements that are
incorporated by reference herein, except in accordance with applicable
securities laws.